RNS Number : 7157Q
Hargreaves Services PLC
08 June 2018
 

8 June 2018

 

Hargreaves Services plc

(the "Company" or the "Group")

 

Pre-Close Trading Update and Notification of Interim Results 

 

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial, energy and property sectors, provides the following update on trading ahead of reporting its preliminary results for the year ended 31 May 2018.

Trading has been satisfactory, and the Board expects to report results in line with its expectations. Net debt is likely to be c£30m, which is higher than expected solely due to the delay in the sale of a legacy land asset. Contracts for sale have now been exchanged.

Following a thorough process managed by third party advisors, the Board has now entered into exclusive negotiations with one party to acquire Brockwell Energy Limited. Completion of the disposal is expected to occur within the next few months.

The Group expects to report its preliminary results for the year ended 31 May 2018 on Wednesday 1 August 2018. A briefing for analysts will be held at 10.00am on the morning of the results at the offices of Buchanan, 107 Cheapside, London EC2V 6DN. For more information on the briefing, please contact Buchanan on 020 7466 5000.

 

For further details: 

Hargreaves Services plc

Gordon Banham, Chief Executive Officer

John Samuel, Group Finance Director

 

0191 373 4485

Buchanan (Financial PR)

Mark Court/Sophie Wills/Henry Wilson

 

0207 466 5000

N+1 Singer (Nomad and Joint Corporate Broker)

Sandy Fraser/Rachel Hayes

 

0207 496 3000

Investec (Joint Corporate Broker)

Sara Hale/Helene Comitis

0207 597 4000

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCEAPKXELLPEFF